Loan Amount Range
YesCash offers loan amounts from Ksh 3,000 to Ksh 80,000, accommodating various financial needs, from unexpected expenses to major investments. This range ensures suitability for diverse financial requirements, providing flexibility and support for different economic situations.
Loan Terms
With loan durations from 91 to 365 days, YesCash caters to diverse financial and budgetary needs, allowing borrowers to select terms that match their repayment capacity and financial strategy, ensuring a manageable and stress-free repayment experience.
Clear Service Fee Policy
YesCash applies a clear, flat service fee of 6%, ensuring borrowers are informed about costs from the start, fostering transparency, simplifying repayment planning, and building trust.
Fair Interest Rates
Interest rates at YesCash vary between 12% and 25%, balancing competitiveness with fairness, reflecting market dynamics and risk while maintaining loan affordability for a wide range of customers, aiding in informed decision-making.
How to Apply
Download the App:
Start by downloading the YesCash app from your smartphone’s app store. The app is available on both Android and iOS platforms, ensuring wide accessibility.
Create Your Account:
Once the app is installed, open it and follow the prompts to create a new account. You’ll typically need to provide some basic information, such as your name, phone number, and ID number. Ensure the details are accurate to avoid any issues with your application.
Verify Your Identity:
To enhance security and comply with regulatory requirements, you may be asked to verify your identity. This could involve uploading a photo of your ID and possibly a selfie to confirm that the ID matches your face.
Enter Loan Details:
Navigate to the loan section of the app, where you’ll be able to specify the amount you wish to borrow and your preferred repayment term. The app will clearly display the interest rate, service fee, and the total amount you are expected to repay, ensuring transparency.
Read the Terms and Conditions:
Carefully review the terms and conditions provided. Understanding the loan agreement is crucial as it contains important information about your loan, including repayment schedule, interest rates, and any applicable fees.
Submit Your Application:
After reviewing your loan details and the terms, submit your application. The approval process usually involves a quick review of your provided information and a credit check.
Receive Your Funds:
If your loan application is approved, the funds will typically be disbursed directly to your M-pesa account. The disbursement is usually swift, ensuring you have access to the funds when you need them.
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